About This Video
It happens more often than you think! Pre-approval looks at your finances at the time you apply. Before clear-to-close, lenders re-verify your info to make sure everything stays the same.
Here are 4 major things to avoid before your loan is officially funded:
1️⃣ Taking on new debt (No car shopping or opening new store credit cards!)
2️⃣ Changing jobs or pay structure (Especially moving to commission or self-employment)
3️⃣ Unverified big money moves (Moving savings around without checking with your LO first)
4️⃣ Missing payments or maxing out credit limits
Keep the communication open with your loan officer until the keys are in your hand. Protect your progress all the way to closing! 🔑
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Disclaimer: This is not a commitment to lend. All loans are subject to borrower qualification, property eligibility, and underwriting approval. Rates and terms are subject to change without notice. Additional terms & conditions apply.
